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            <p class="pagenavi">
                <a href="/en/Index.aspx">Hmoe</a> > <a href="/en/Biz/CoreAsset/Overview.aspx">Our Business</a>
                > “Legend Star” Incubator Investment</p>
            <p class="distribution">
                <img src="/en/!images/architecture.jpg" /></p>
            <p class="title_big">
                <img src="/en/!images/logo_legendstar.jpg" /><br />
                Legend Star Incubator Investment</p>
            <div class="introbar">
                <p class="csr_info">
                    I hope that Legend Star will be a benchmark and a banner for the training of technological
                    start-ups and entrepreneurs in China. I also hope that it will create a triple-winning
                    situation, one where enterprises win, society wins, and the Chinese Academies of
                    Sciences wins. And it will cut a smoother channel and have better success at transferring
                    science and technology research results into products and businesses.
                </p>
                <p class="inscribed">
                    Lu Yongxiang, vice-chairman of the NPC Standing Committee<br />
                    and former president of the Chinese Academy of Sciences</p>
            </div>
            <div class="introbar">
                <p class="csr_info">
                    I hope that, in five to 10 years, I can find the names of students of the “Legend
                    Star” training classes among the names of the heads of China’s Top 100 enterprises.
                    Legend Star is just a single spark now, but in the future it will start a prairie
                    fire.</p>
                <p class="inscribed">
                    Liu Chuanzhi</p>
            </div>
            <p class="s_info">
                Adopting the innovative model of “training of entrepreneurs” + “angel investment”
                + “open platform,” this division actively promotes the transfer of science and technology
                research results into products and business, and the incubation of early technology
                start-ups. Legend Holdings wants to make substantive breakthroughs in commercializing
                technological findings, solving funding, talent, and resource problems faced by
                technology start-ups.
                <br />
                <br />
            </p>
            <p class="s_info invest_pic">
                <img src="/!images/i_pic1.jpg" title="Lu Yongxiang (right), former president of the Chinese Academy of Sciences, and Liu Chuanzhi, at the Legend Star plaque unveiling."
                    alt="Lu Yongxiang (right), former president of the Chinese Academy of Sciences, and Liu Chuanzhi, at the Legend Star plaque unveiling." /><br />
                Lu Yongxiang (right), former president of the Chinese Academy of Sciences, and Liu
                Chuanzhi, at the Legend Star plaque unveiling.<br />
            </p>
            <p id="stage101" class="title_small">
                Sharing Legend’s Management Expertise</p>
            <p class="s_info">
                Legend Star’s entrepreneur training is based on the management practices and experience
                gained by Legend Holdings over the past 29 years. Legend Holdings has trod a difficult
                but rewarding path, and has its own unique corporate governance and expertise. It
                entered the world of venture capital investment in 2001, and has backed hundreds
                of start-ups, sharing the journey with start-up entrepreneurs and acquiring a deeper
                understanding of the development of technology start-ups. To share this experience
                and the lessons with more entrepreneurs and to help them make fewer mistakes and
                avoid detours, Legend Star opened the entrepreneur/CEO training class for start-up
                CEOs in 2008. Senior Legend family executives, led by Liu Chuanzhi, helped develop
                the curriculum and even deliver lectures themselves. The courses are structured
                around the various phases of start-ups and the major tasks involved, getting real
                results through project training. The goal is to inspire, improve, and help entrepreneurs
                in their own approach to management. At the same time, Legend Star, in view of the
                difficult situation of early start-ups, foots the training bill and provides accommodation
                for the students for free. It has sponsored five entrepreneur/CEO training classes
                so far and more than 280 entrepreneurs have shone, out of thousands of applicants,
                by entering the training program. More than 200 trainees have completed their study
                and graduated, and more than 80 are receiving training.
                <br />
                <br />
            </p>
            <p class="s_info invest_pic">
                <img src="/!images/i_pic2.jpg" title='Teachers and students of the second “Legend Star” entrepreneur/CEO training class at a graduation ceremony.'
                    alt='Teachers and students of the second “Legend Star” entrepreneur/CEO training class at a graduation ceremony.' /><br />
                Teachers and students of the second “Legend Star” entrepreneur/CEO training class
                at a graduation ceremony.<br />
            </p>
            <p class="s_info">
                <br />
                In a desire to help more entrepreneurs, Legend Star began a short-term regional
                training program and public lectures in 2010. The public lectures are a major event
                designed for thousands of local aspiring entrepreneurs, where Mr. Liu Chuanzhi,
                various guests, and entrepreneurs can discuss experiences and ideas on specific
                start-up issues, as a way of cooperating with local government agencies that are
                interested in providing start-up services. Legend Star has held six lectures --
                in Wuxi, Wuhan, Chengdu, Beijing, Tianjin and Changzhou）– with more than 9,000 participants
                onsite and tens of thousands of other people following on the live Internet broadcast.
            </p>
            <p id="stage102" class="title_small">
                Angel Investment Powers Technological Start-ups</p>
            <p class="s_info">
                In addition to training, Legend Star established its Angel Investment Fund, with
                400 million yuan (US$ 63.5 million), to back technology start-ups with funding and
                value-added services. By the end of 2011, it had invested 200 million yuan (US$
                31.7 million) in several dozen early projects. Fifty percent of these portfolio
                enterprises had not registered as a company when they received the funding, and
                most of them had no revenue. 60 percent of them were the brainchild of alumni of
                the training classes.
            </p>
            <p class="title_small">
                Entrepreneurs’ Association Provides Continuous Support</p>
            <p class="s_info">
                In September 2011, the Legend Star Entrepreneurs’ Association was launched as a
                meeting place for alumni of the Entrepreneur/CEO Training Class and people who are
                committed to technology incubation and the transfer of science and technology research
                results into products and businesses. Its principle is “supporting entrepreneurship,
                establishing a platform, and growing together,” through which it serves Association
                members, nurtures entrepreneurs and innovation, and provides continuous and multi-faceted
                support for alumni of the Legend Star entrepreneur/CEO training classes.
                <br />
                <br />
            </p>
            <p class="s_info invest_pic">
                <img src="/!images/i_pic3.jpg" title="Launch ceremony of the Legend Star Entrepreneurs’ Association and the Beijing leg of the Public Lectures Series on Sept 27, 2011 "
                    alt="Launch ceremony of the Legend Star Entrepreneurs’ Association and the Beijing leg of the Public Lectures Series on Sept 27, 2011 " /><br />
                Launch ceremony of the Legend Star Entrepreneurs’ Association and the Beijing leg
                of the Public Lectures Series on Sept 27, 2011
                <br />
            </p>
            <p class="title_small">
                Open Platforms – Incubation Bases</p>
            <p class="s_info">
                Legend Star’s incubation bases are intended to increase cooperation with local partners,
                by leveraging the bases’ strengths to provide services for technology entrepreneurs
                and start-ups, in infrastructure, platforms, incentives, training, and angel investment.
                During the 2012-2014 period, Legend Star is running trials at three bases, in Suzhou,
                Shanghai, and Tianjin. As its experiences grow, Legend Star will repeat the process
                and expand to other tech entrepreneurial hotspots. There are three incubation bases
                operating:</p>
            <div class="s_info">
                <p class="icon_dot">
                    Legend Star Entrepreneur Incubation Base (Suzhou) (in partnership with the Suzhou
                    Industrial Zone Administration Commission)</p>
                <p class="icon_dot">
                    Legend Star Entrepreneur Incubation Base (Tianjin) (in partnership with the Tianjin
                    TEDA Science & Technology Development Group)
                </p>
                <p class="icon_dot">
                    Legend Star Entrepreneur Incubation Base (Shanghai) (in partnership with the Shanghai
                    College Student Science & Technology Entrepreneur Foundation - EFG)
                </p>
            </div>
            <div class="business_infobar">
                <img src="/!images/leader_txd.jpg" />
                <p class="business_leader">
                    Tang Xudong<br />
                    Senior Vice President and Member of the Executive Committee, Legend Holdings Limited
                    <br />
                    General Manager, Legend Star Incubator Investment Division</p>
                <p class="clear">
                </p>
                <p class="business_info">
                    Mr. Tang Xudong is a senior vice-president of Legend Holdings Limited and a member
                    of its executive committee. He is also a director of Raycom Real Estate. At Legend
                    Holdings, he’s in charge of the Legend Star Incubator Investment Division, human
                    resources and administration departments, and the Party office.
                    <br />
                    <br />
                    Tang joined Legend Holdings in 1990 and served successively as general manager of
                    the legal department, general manager of the human resources department and vice-director
                    of the corporate planning office.
                    <br />
                    <br />
                    He is a graduate of the Minzu University of China with a bachelor of law degree,
                    and has an EMBA from the Cheung Kong Graduate School of Business. He is also a senior
                    engineer.
                </p>
            </div>
        </div>
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